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Random article: Forex Orders: Take Profit, Stop Loss and Others
Market Order – an order for purchase-sale of currency pair at present price. Execution by broker of this order leads to an immediate opening of trade position. Currency is bought at ASK price, and is sold at BID price. This is the fastest way to open position, but it should be noted that under high volatility “Market” order is not the best possible option. Pending Order – an order for the future purchase-sale of currency pair at specified price. It is used for opening trading position on condition that future quotes are equal to preset level. Its advantage is that broker will fulfill it regardless of connection with trading terminal and server. In this case trader does not have to stick to market all the time. Broker can remove order only if margin is insufficient. In other cases order is effective until it is fulfilled, expired or canceled by trader.
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Popular article: Trading the news
Trading the news is one of the easiest and most popular strategies on the Internet. Most of all, it is recommended to novice Forex traders, but many professional traders also trade the news. Its simplicity lures. What could be simpler? The trader looks through the economic calendar, chooses a highly volatile economic news, waits for its release, and then, trades according to the published data. If the rates are worse than expected, the trader sells the currency of the country, where the economic rate is negative and vice versa. However, even despite such simplicity, a trader can fail. The GBP / USD currency pair has always been considered one of the most difficult pairs to forecast, and April – May 2015 confirmed this.
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Fibonacci Spiral and Fibonacci Time Projection
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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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